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From: scion	12/10/2020 2:17:50 AM
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Facebook lawsuits: the biggest tech battle yet, and one that is long overdue The biggest antitrust case in a generation has been compared to the years-long lawsuit against Microsoft in 1998 Gabrielle Canon in San Francisco @GabrielleCanon Thu 10 Dec 2020 06.27 GMT theguardian.com Facebook is facing perhaps its greatest existential threat yet as the company prepares to battle two antitrust lawsuits brought by the US government and more than 40 states. But while analysts are calling the crackdown an important step, whether the social media giant can be reined in remains to be seen. The lawsuits brought against Facebook on Wednesday accuse the company of wielding its “monopoly power” to crush and overwhelm its rivals. The cases tackle Facebook’s acquisitions of Instagram and WhatsApp in particular, deals which federal regulators now say should be unwound. The move by the US Federal Trade Commission (FTC) and 48 attorneys general is being heralded by some analysts as an unprecedented move, and one that’s long overdue. But there’s still a long way to go, especially as the lawsuits could take years to litigate. “I don’t think anything is going to happen in the short run,” says George Hay, a professor of Law at Cornell University and former member of the US Department of Justice’s antitrust division. “I think Facebook has no incentive to resolve this case. It is not like they are facing jail sentences or a big fine.” The attacks against Facebook come in the form of twin lawsuits, one brought by the FTC and another brought by a coalition of states. They accuse Facebook of creating and holding onto a monopoly in its market, with a sprawling network of acquisitions that were intentionally anticompetitive, and strategically shut out software developers that could have grown into competitors. With its monopoly, consumers were not only left without broader engagement options, but were also pushed into accepting Facebook’s now notorious privacy issues. ... theguardian.com

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